AskGuru Q&A Community

Afternoon Chong,

What's in your mind? to reinvest the money in another property? or to keep it for rental purposes?

Maybe you can share more information about your property thus I can analyse better. It will be better that you can update me on whats your intention to potentially sell off this unit.

Because units that are near MRT are really good for rental investments but of course your unit has proved to be a good investment with such a capital appreciation.

Looking forward to hear from you!

Warmest Regards,
YT TAN
District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/
ECG Property Pte Ltd Read More

Hi Chong,

It is easy to say that we need to consider the point where value starts to take a u-turn for the property, but may I ask should you be selling now and achieve the $1.4m range of selling price as you have mentioned, what do you intend to do with the cash on hand? Work out the sums well and make the plans for it. Do not let the cash proceeds idle since bank interest rates are currently low. Edmund is right that should you be selling, you need to relook into what other attractive investments can you divert your profit into to bankroll the investment returns.

Let me know if I am able to assist you better.

Regards,

Geryl LIM
District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg

**Aspiring to be your preferred partner in real estate** Read More